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Japan : JAPAN`s overall bank lending up 2.3% on year in JUNE

July 8, 2014

Japan`s overall bank lending has been raised 2.3% on year in June.

That beat forecasts for 2.2%, which was unchanged from the May reading following a downward revision from 2.3 percent.

The lending was increased 2.2 percent on year for the second quarter, comprising trusts, bank lending added an annual 2.5 percent to 413.703 trillion yen - accelerating from 2.4 percent in the previous month.

Lending from trusts has benefited 1.3% to 62.449 trillion yen, while lending from foreign banks spiked an annual 10.7 percent to 2.183 trillion yen.

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Source: TendersInfo (India)

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